I love all the FUD (for the experts spreading it, it means fear, uncertainty and doubt).FUD shackes our the weak hands and results in panic selloffs. Fantastic buying opportunity. What most people spreading it don’t understand is that Blockchain and crypto is here to stay. FUD is entertaining and you can profit from it! Bring on more FUD!

Bitcoin's tepid performance since the beginning of the year - it has largely consolidated around $10,000, down 50% from its all-time peak - has left cryptocurrency evangelists with egg on their face.

But who exactly owns bitcoin? While nearly 60% of Americans say they've heard of it, only 5% of people own bitcoin, according to Bloomberg.

And within that group, demographics are fairly consistent. An overwhelming 71% of them are male. The majority - 58% - are young, between the ages of 18 and 34 years old. And unlike the broader US population, nearly half of them are minorities.

When asked why they bought the crypto asset, investors answered that a combination of a lack of trust and an opportunity for return are at play. About one-third of Bitcoin owners said it was a means to avoid government regulation - 24% also said they trust Bitcoin more than the US government in a separate question - and about two in 10 saw it as a hedge against crashes in traditional assets.

More than 60% also said that buying the digital coin was seen as a growth investment.

Sucker born every minute.I feel bad for youngsters, they are gonna be stuck holding empty bag one day.anon_48f8d says

A Look At Who Owns Bitcoin, And Why.

Bitcoin's tepid performance since the beginning of the year - it has largely consolidated around $10,000, down 50% from its all-time peak - has left cryptocurrency evangelists with egg on their face.

But who exactly owns bitcoin? While nearly 60% of Americans say they've heard of it, only 5% of people own bitcoin, according to Bloomberg.

And within that group, demographics are fairly consistent. An overwhelming 71% of them are male. The majority - 58% - are young, between the ages of 18 and 34 years old. And unlike the broader US population, nearly half of them are minorities.

When asked why they bought the crypto asset, investors answered that a combination of a lack of trust and an opportunity for return are at play. About one-third of Bitcoin owners said it was a means to avoid government regulation - 24% also said they trust Bitcoin more than the US government in a separate question - and about two in 10 saw it as a h...

Buy the special Pink Piebald Tulip before they're all gone. If you thought the South Seas Bubble was great, just wait until you buy the paradise of happy laborers, rich soil, and mountains full of emeralds - the New Orleans Colonization Corporation!

"Biggest Theft In Crypto History": Over $400MM Stolen From Japanese Crypto Exchange.

Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong with what until last night was the 10th-largest cryptocurrency by market value, and which tumbled nearly 20% overnight, dragging the rest of the sector lower as news of the Coincheck fiasco spread.

And then, the worst case scenario was confirmed by Coincheck itself told financial authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million, according to Nikkei.

NEM Foundation president Lon Wong also confirmed Coincheck was hacked, calling the stolen funds "the biggest theft in the history of the world", as quoted by CryptoNews. According to Wong, the hack had nothing to do with NEM and the blame lies exclusively with Coincheck:

The hack, at recent NEMUSD exchange rates, would make it even bigger than Mt. Gox - which lost a total of $350 million in 2 hacks, one in 2011 and 2014 - by $50 million.

The Other Way To Steal Crypto: Armed Robbers Storm Ontario-Based Bitcoin Firm.

While sophisticated hackers breached CoinCheck's security systems and 'escaped' with $400 million worth of NEM, criminals in Canada were a little less finesse and little more physical...

Employees at a Nepean, Ontario bitcoin business received a nasty surprise earlier this week: Three armed men showed up at their business, held them up at gunpoint, tied them up and tried to force them to transfer a bitcoin ransom to one of their accounts.

Armed with handguns, police said they tied up four employees, one of whom would later need medical attention after being hit in the head with a handgun.

The suspects tried to coerce employees into completing a transaction, Staff Sgt. Michael Haarbosch said. Bitcoin is not a physical currency, but a cryptocurrency that can be exchanged for other currencies, products and services. At the moment, one bitcoin is worth around $13,700.

A fifth employee was in another office and called police. The suspects fled empty-handed.

Officers quickly spotted a suspect running into a ravine north of Colonnade Road and called for backup. One suspect was arrested without incident while two others were still at large.